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Earn +20 ptsQ: Why would you guess that the USA owes China with our National debt?
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Continue Learning about American Government
What was the national debt in 1791?
the national debt was something used to create national debt
What is money paid to the government called?
The national debt.
Why did Hamilton's want national taxes?
to pay off the national debt
How much was the national debt in 1789?
25000
What was Hamiltons plan for reducing the national debt?
By using national banks. There for when people went to the bank they had owned money. That had made America increase there debt.
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